The STOCK bill is a noble idea intended to prevent insider trading by congress and other federal officials with insider information. This is a real problem as congressional stock portfolios have significantly outperformed those of the general public.
The problem is that congress stripped out part of the bill that would have put controls on political intelligence. Political intelligence firms lobby congress and get information that could impact stock markets. That information is then sold to wall street investors. And needless to say, that information is not privy to the public.
The STOCK bill without controls on political intelligence operations is a STOCK bill with no teeth. Please join me in urging the president to VETO this bill.
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